December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
#美联储联邦公开市场委员会决议 this wave of Ethereum is indeed interesting.
As of the time of analysis, the current price of $ETH is more than 3320, with a 24-hour increase of nearly 7%, showing a clear upward trend on the 4-hour chart. First of all, from the technical point of view - the moving average system is all long, MA5, MA10, MA20 are at 3306, 3214, 3148 respectively, the price stands above these lines, and there is still short-term momentum. In the MACD golden cross, the bar line is positive and expanding, indicating that the upward momentum is accumulating. The Bollinger Bands are opening upwards, the price is close to the upper band, the RSI is close to overbought at more than 67 but not to the extreme, and KDJ is also a golden cross posture.
More importantly, the capital side - the net inflow of contract funds in these 24 hours was 1.18 billion USDT, while the net outflow of spot funds was 276 million. What does this mean? Funds are shifting from spot to contracts, and the market is indeed in a strong sentiment. The trading volume of the last 4 K-lines has been enlarged by about 40% compared with the previous period, and the volume-price relationship is quite healthy.
From the key price level, Ethereum has broken through the resistance of 3290 and is currently testing the 3350-3400 range. The recent intraday high of 3397.5 has become a pressure point, and the support below 3132 is relatively solid.
If you want to operate, the idea is this: you can enter the market in batches around the current price of 3320, and it is more comfortable if you pull back to 3280-3300. The stop loss is set at around 3130 (equivalent to -5.7%), the first target is 3439 (+3.6%), and the second target is 3572 (+7.6%). However, the RSI is close to the overbought area, and the risk of short-term technical correction still needs to be guarded against, so it will be safer to open positions in batches to control risks.
Of course, this is only based on the observation of current technical and capital data, and the direction of the Fed's policy still needs to be paid attention to, after all, the macro environment will also affect the rhythm of the market.